Udaan, a unicorn B2B trade platform, has secured Rs 300 crore in debt funding from Lighthouse Canton, Stride Ventures, InnoVen Capital India and Trifecta Capital.
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The company secured $340 million in Series E funding in December last year.Ā
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The fund houses have collectively invested approximately Rs 300 crore in Udaan during the current fiscal year, with the funds being used to strengthen the company’s position as the preferred partner for Kirana stores and small businesses across the country.
The unicorn stated that it will use the new capital to expand its geographical footprint through its ‘Micro-Market strategy’, optimize operations, improve Go-to-Market (GTM) capabilities, streamline supply chain processes, and open new micro-fulfillment centers.
Speaking about the investment, Kiran Thadimarri, Senior Vice President of Group Finance at Udaan, stated that the new round validates the company’s consistent quarter-on-quarter growth over the last ten quarters through its various ‘customer-first’ initiatives.
“By prioritizing both operational excellence and long-term profitability, Udaan aims to reinforce its leadership in the eB2B space and strengthen its position as the preferred partner for Kirana stores and small businesses across Bharat.”
“This funding will further strengthen our financial position, providing the flexibility to double down on key strategic initiatives such as expanding our cluster model to drive operational excellence, enabling us to continue on our path to profitability while solidifying our market position,” the statement said.
Udaan enables financial products and services to small businesses, manufacturers, and retailers through UdaanCapital, a fintech focused on addressing the working capital requirements. Udaan is headquartered in Bengaluru with offices in all metros and major cities across India.
About Udaan
Udaan was founded in 2016 by with a vision to transform the trade ecosystem and empower small businesses by leveraging technology. As India’s largest eB2B platform with about 70% market share in India, Udaan operates across diverse categories, including FMCG, staples, fruits & vegetables, and pharma.
With an extensive network of retailers nationwide, thousands of suppliers, and leading national and regional brands on the platform, Udaan enables efficient supply chain and logistics operations driven by technology and focused on B2B trade.
